Pierre et Vacances Up 3.7% on Mubadala

Pierre et Vacances Shares Rise on Mubadala Capital Buyout Offer

Pierre et Vacances (EPA:PVAC), the French holiday‑resort operator, saw its shares climb 3.7% on Monday following a fully financed binding buyout proposal from Mubadala Capital. The board of directors publicly welcomed the offer, stating that the proposal values each share at €1.9 on a cum‑distribution basis, with the possibility of increasing the price to €2 per share.

During the trading session, the stock rose nearly 6% before settling at €1.85 as of 08:30 GMT. Mubadala Capital has indicated that it will submit a formal tender offer in the first quarter of 2027, with the strategic intent to squeeze out the remaining shareholders and subsequently remove Pierre et Vacances from the stock exchange.